As we enter the next phase of our project, enhancing transparency about our project & finances is crucial.
The EG Team has written comprehensively on various safety topics for our holder’s peace of mind. This includes
- Seamless V2 Launch and documenting the whole process
- Migration Status Updates showing the movement of liquidity and tokens.
- An in-depth look into whether EG is SAFU
- A journey through time. Reasons for Migrating and Rebranding.
The EG team introduced v2 of the EG Token with a commitment to uphold the highest standards. The construction and launch of v2 were meticulously executed to safeguard our holders. This is evidenced by the absence of liquidity dumps and substantial undisclosed sales for nearly a year since the inception, underscoring our unwavering dedication to principled practices.
While comprehensive information is available on our website, news portal, and whitepaper, it is imperative to present a concise explanation for clarity. Anticipating increased scrutiny in the future, this transparent communication becomes indispensable to mitigate any potential FUD (Fear, Uncertainty, Doubt).
Let’s revisit the details outlined in our whitepaper regarding the launch.
The Plan From The Outset
The above screenshots show the intention of sending 82.1% of tokens to EGMigrate so the community can migrate their old tokens to the new ones, while the remaining 17.1% was to be used for various activities.
Following Through
Now, let’s check what we ended up doing after the token relaunch in Feb 2023.
As you can see from this screenshot, the EG: Deployer minted 6 Billion tokens (as per the new supply), and they were sent to all 6 wallets as intended. You can verify the token counts and they match.
These wallets are publicly listed on our website – https://egtoken.io/token
Current Status
Now let’s check the latest status of all these wallets. The first 4 columns are from the whitepaper while the last column shows the current status.
| Token Allocation | Allocation % | EG Tokens | Vesting Schedule | Current Status |
| Community Held | 82.1% | 4,926,000,000 | Available Immediately | Available Immediately but Migration closes on 13th February 2024. The majority of remaining tokens will be burnt and some used for liquidity. |
| Strategic Partnerships | 2% | 120,000,000 | 10% Available on TGE 1 Year Cliff (Tokens Locked) 6 Months Vesting | These tokens are now vesting for 1 Year and will fully unlock in November 2024. See Token Lock on Team Finance |
| Community Development | 5% | 300,000,000 | 1% available at TGE 4% 6-month cliff (tokens locked) 1 Year vesting | No tokens were removed even though 5% were available to be taken. These tokens are now vesting for 1 Year and will fully unlock in November 2024. See Token Lock on Team Finance |
| Reserves (Advisors, Talent Incentives) | 5% | 300,000,000 | 1% available at TGE 4% 6-month cliff (tokens locked) 1 Year vesting | These tokens are now vesting for 1 Year and will fully unlock in November 2024. See Token Lock on Team Finance |
| Cross Chain Liquidity (Bridges to other blockchains) | 3% | 180,000,000 | Locked for 6 Months | The Lock Expired in August 2023 but no tokens were removed. We are keeping this unlocked as we will be using this to provide liquidity on EGSwap and also on other chains. (Launching on other chains will happen in early 2024). |
| Marketing Fund | 2.9% | 171,2032,945 | Available immediately | These tokens have been available to us but have not been touched yet. The current balance is 180,068,205 |
The EG Team is confident that this more than exceeds the standard for transparency. All token movements, wallet address, token locks and vesting information has been shared.
EG also documented the whole migration to v2 and the moving of liquidity from the old token to the new one back in February 2023. You can read all about it in our article here – https://news.egtoken.io/1693
The liquidity is very healthy, and the market cap-to-liquidity ratio is strong, up there amongst the best in the crypto altcoin market.
60% of liquidity is locked for 3 months. This coincides with the end of v1 token migration in February 2024. We are most likely going to burn any non-migrated tokens but a decision will be made closer to the time. The liquidity will then be balanced between PancakeSwap, EGSwap and DEXs on other chains. The liquidity will then be locked for a longer time period.
You can see liquidity locks on Team Finance or on the DexTools chart.
We hope this comprehensive documentation not only serves as a testament to EG’s commitment to open communication but also provides holders with a clear view of fund movements and token distribution.
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